A multi-year bull market?

The current bull market could run and run. At least that is the opinion of Fidelity investment guru Anthony Bolton, according to the Telegraph.

Bolton said: 'The bargain phase is over but, despite the fact the market is well off lows, we expect the bull market to go one. It's a multi-year bull market,'

Since March we have seen the FTSE 100 and other leading stock market indices rise rapidly from depressed levels. Stock markets typically move ahead of the wider economy and the fear now is that future stock growth may be unsustainable.

Bolton is a great investor but there is never any guarantee that he is right.

Investors should take his views in conjunction with others. In particular, they should never put all of their eggs in one basket and rely on continued growth in a single investment asset class.

Diversification still plays a crucial role in investment decision making, even when one asset class appears to be on a good run.